Common use of Removal of Improvements and Fixtures Clause in Contracts

Removal of Improvements and Fixtures. All Leasehold Improvements, other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: (a) Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements and trade fixtures in the Premises as Landlord shall require be removed and restore the Premises to Landlord's then current Office Building standard to the extent required by Landlord. Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises and sold or disposed of by landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 5 contracts

Samples: Lease Agreement (Netmaximizer Com Inc), Lease Agreement (Netmaximizer Com Inc), Lease Agreement (Netmaximizer Com Inc)

AutoNDA by SimpleDocs

Removal of Improvements and Fixtures. All Leasehold Improvements, other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: (a) Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at Upon the expiration or earlier termination of the TermLease or any renewal thereof, at its sole cost, the Tenant shall surrender the Premises to the Landlord in as good a condition and repair as the Tenant is required to maintain throughout the Term but shall not remove such nor be obliged to remove any of the Leasehold Improvements, which Leasehold Improvements and trade fixtures in the Premises as Landlord shall require be removed and restore the Premises deemed to Landlord's then current Office Building standard to the extent required by Landlord. Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, have become the property of the Landlord and may be removed without any compensation therefor. Provided the Tenant is not then in default pursuant to the Lease, upon termination of the Term or any renewal thereof, the Tenant may, at its expense, remove from the premises Premises any moveables which are the property of the Tenant and sold or disposed the Tenant agrees to repair all damages to the Premises as a result of such removal. Should the Tenant not effect the aforesaid repair, the Landlord shall be entitled to effect such repairs and the Tenant shall be obliged to pay to the Landlord all costs and expenses incurred by landlord the Landlord in respect thereof, together with an administrative fee equal to fifteen percent (15%) of such manner as it deems advisable without any accounting to Tenantcosts and expenses, such obligations surviving the termination of this Lease.

Appears in 2 contracts

Samples: Sub Sublease Agreement, Sub Sublease Agreement (Clementia Pharmaceuticals Inc.)

Removal of Improvements and Fixtures. All Leasehold Improvements, improvements and fixtures (other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall those which can be removed from without damage to the Premises by Tenant either during or Premises), at the expiration or sooner termination of the Term except that: (a) Tenant mayor upon earlier termination of this Lease, during shall become the Landlord's property. During the Term, in the usual course of its business, the Tenant may remove its trade fixtures, provided that the Tenant is not in default under this Lease; and (b) . Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements leasehold improvements (except for improvements installed by Landlord prior to the Commencement Date) and trade fixtures in the Premises as the Landlord shall require to be removed and restore the Premises to Landlord's then current Office Building standard the condition that existed prior to the extent required by LandlordTenants installation of such fixtures. The Tenant shall shall, at its own expense expense, repair any damage caused to the Office Building or the Premises by such removal. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the ================================================================================ Commercial Office Lease. The Grip Building page 11 of 28 pages option of the Landlord, either be removed by Landlord at the expense of the Tenant or become the property of the Landlord and may be removed from the premises Premises and sold or disposed of by landlord the Landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 2 contracts

Samples: Commercial Office Lease (Interactive Technologies Com LTD), Commercial Office Lease (Interactive Technologies Com LTD)

Removal of Improvements and Fixtures. All Leasehold Improvements, other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: : (a) Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements and trade fixtures in the Premises as Landlord shall require be removed and restore the Premises to Landlord's then current Office Building Premises standard to the extent required by Landlord. Tenant shall at its own expense repair any damage caused to the Office Building Premises by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises Premises and sold or disposed of by landlord Landlord in such manner manner, as it deems advisable without any accounting to Tenant.

Appears in 1 contract

Samples: Lease Agreement (On THE MOVE Corp)

Removal of Improvements and Fixtures. All Leasehold Improvements, other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: : (a) Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements and trade fixtures in the Premises as Landlord shall require be removed and restore the Premises to Landlord's then current Office Building Premises standard to the extent required by Landlord. Tenant shall at its own expense repair any damage caused to the Office Building Premises by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises Premises and sold or disposed of by landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 1 contract

Samples: Lease Agreement (NAS Acquisition Inc)

Removal of Improvements and Fixtures. All Leasehold Improvements, leasehold improvements (other than unattached, movable trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall fixtures which can be removed from without damage to the Premises by Tenant either during or Premises) shall at the expiration or sooner earlier termination of this Lease become the Term except that: (a) Landlord's property. The Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that the Tenant is not in default under this Lease; and (b) the Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements leasehold improvements (except for improvements installed by Landlord prior to the commencement Date) and trade fixtures in the Premises as the Landlord shall require to be removed and restore the Premises to Landlord's then current Office Building standard the condition existing prior to the extent required by Landlordsuch removal. The Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the premises Premises and sold or disposed of by landlord the Landlord in such manner as it deems advisable without any accounting to the Tenant.

Appears in 1 contract

Samples: Lease Agreement (Ameriquest Technologies Inc)

Removal of Improvements and Fixtures. All Leasehold Improvementsimprovements, other than trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: (a) Tenant may, may during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements and trade fixtures in the Premises as Landlord shall require be removed and restore the Premises to Landlord's then current Office Building standard to the extent required by Landlord. Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises and sold or disposed of by landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 1 contract

Samples: Short Term Lease Agreement (Outlook Sports Technology Inc)

AutoNDA by SimpleDocs

Removal of Improvements and Fixtures. All Leasehold Improvements, other than trade fixtures, Improvements shall immediately upon their placement in become the Premises become Landlord's property without compensation to the Tenant. Except as otherwise agreed by the Landlord in writing, no Leasehold Improvements or trade fixtures of the Tenant shall be removed from the Premises by Tenant either during or at the expiration or sooner termination of the Term except that: (a) the Tenant may, during the Term, in the usual course of its business, remove its trade fixturesfixtures in order to replace or upgrade them, provided that the Tenant is not in default under this Leaselease; and and (b) the Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove all of its trade fixtures and such of the Leasehold Improvements and trade fixtures in as the Premises as Landlord shall require to be removed removed, and to restore the Premises to the Landlord's then current Office standards for the Building standard to the extent required by the Landlord. The Tenant shall at its own expense cost repair any damage caused to the Office Building by such removal. If the Tenant does not remove its trade fixtures at the expiration or earlier termination of the Termas aforesaid, the trade fixtures they shall, at the option of the Landlord, become the its property of Landlord and may be removed from the premises and sold or disposed of by landlord the Landlord in such manner as it deems advisable without any accounting to Tenantadvisable.

Appears in 1 contract

Samples: Industrial Lease Agreement (Tekgraf Inc)

Removal of Improvements and Fixtures. All Leasehold Improvements, leasehold improvements (other than unattached, movable trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall fixtures which can be removed from without damage to the Premises by Tenant either during or Premises) shall at the expiration or sooner earlier termination of the Term except that: (a) this Lease become Landlord's property. Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this Lease; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements leasehold improvements (except for improvements installed by Landlord prior to the Commencement Date) and trade fixtures in the Premises as Landlord shall require to be removed and restore the Premises to Landlord's then current Office Building standard the condition existing prior to the extent required by Landlordsuch removal. Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises Premises and sold or disposed of by landlord Landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 1 contract

Samples: Industrial Lease (Intellicell Corp)

Removal of Improvements and Fixtures. All Leasehold Improvements, leasehold improvements (other than unattached, movable trade fixtures, shall immediately upon their placement in the Premises become Landlord's property without compensation to Tenant. Except as otherwise agreed by Landlord in writing, no Leasehold Improvements shall fixtures which can be removed from without damage to the Premises by Tenant either during or Premises) shall at the expiration or sooner earlier termination of the Term except that: (a) this Lease become Landlord's property. Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that Tenant is not in default under this LeaseLease beyond applicable notice and cure periods; and (b) Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements leasehold improvements (except for improvements installed by Landlord prior to the Commencement Date) and trade fixtures in the Premises as Landlord shall require to be removed and restore the Premises to Landlord's then current Office Building standard the condition existing prior to the extent required by Landlordsuch removal. Tenant shall at its own expense repair any damage caused to the Office Building by such removal. If Tenant does not remove its trade fixtures at the expiration or earlier termination of the Term, the trade fixtures shall, at the option of Landlord, become the property of Landlord and may be removed from the premises Premises and sold or disposed of by landlord Landlord in such manner as it deems advisable without any accounting to Tenant.

Appears in 1 contract

Samples: Office Lease (Championship Auto Racing Teams Inc)

Removal of Improvements and Fixtures. (1) All Leasehold Improvements, other than trade fixtures, Improvements shall immediately upon their placement in become the Premises become Landlord's property ’s property, without compensation to the Tenant. Except as otherwise agreed by the Landlord in writing, no Leasehold Improvements or trade fixtures shall be removed from the Premises by Tenant the Tenant, either during or at upon the expiration expiry or sooner earlier termination of the Term Term, except that: (a) the Tenant may, during the Term, in the usual course of its business, remove its trade fixtures, provided that the Tenant is not in default under this LeaseLease and, at the end of the Term, the Tenant shall remove its trade fixtures; and and (b) the Tenant shall, at the expiration or earlier termination of the Term, at its sole cost, remove such of the Leasehold Improvements and trade fixtures in as the Premises as Landlord shall require to be removed and restore removed, such removal to be completed on or before the Premises to Landlord's then current Office Building standard to end of the extent required by Landlord. Term. (2) The Tenant shall shall, at its own expense expense, repair any damage caused to the Office Building Premises by such removalthe Leasehold Improvements or trade fixtures or the removal thereof. If In the event that the Tenant does not fails to remove its trade fixtures at prior to the expiration expiry or earlier termination of the Term, the such trade fixtures shall, at the option of the Landlord, become the property of the Landlord and may be removed from the premises Premises and sold or disposed of by landlord the Landlord in such manner as it deems advisable without advisable. For greater certainty, the Tenant’s trade fixtures shall not include any accounting HVAC Equipment or light fixtures. Notwithstanding anything in this Lease, the Landlord shall be under no obligation to repair or maintain the Tenant’s installations.

Appears in 1 contract

Samples: Lease Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!